Asia Broadband Inc (AABB)

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AABB Gold Token (AABBG) — Gold at Your Fingertips
The AABB Gold token (AABBG) is backed 100% by physical gold held by Asia Broadband, Inc., with the initial token release backed by $30 million in physical gold.

At the token launch, 5.4 million tokens were made available at one-tenth (0.1) gram of the price of gold, establishing a price of approximately USD 5.60 for each AABBG token.

As a hybrid cryptocurrency backed by the underlying price of gold, AABBG functions in the same way as a stablecoin with the token price supported at a minimum of 0.1 grams of the spot price of gold.

The unique aspect of AABBG is its vertical integration of mine-to-token gold-backing, which is unlike any other gold-backed cryptocurrency. AABBG benefits from the upsides of both gold and cryptocurrency, delivering a built-in level of price stability without negating the potential for price appreciation from both markets.